Business
Annual Financial Report
Jupiter Fund Management plc reported a strong year for 2025, with underlying profit before tax increasing by 42% to £138.3 million, driven by a significant rise in performance fees to £120.3 million. Assets under management grew by 19% to £54.0 billion, and the company achieved its first year of positive net inflows (£1.3 billion) since 2017, bolstered by the acquisition of CCLA Investment Management. Administrative expenses decreased by 2% to £255.5 million, and cost-saving targets are being met ahead of schedule. The company announced a final ordinary dividend of 2.3p per share, totaling 4.4p for the year, alongside a £30 million share buyback program and a special dividend of 5.7p per share. Disclaimer*
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n\nJupiter Fund Management plc\n\n\n\n\nResults for the year ended 31 December 2025\n\n\n\n\n26 February 2026\n \nMaterial progress with an encouraging outlook\n \nn Underlying profit before tax of £138.3m (2024: £97.5m), driven by performance fees of £120.3m (2024: £31.2m).\n \nn Statutory profit before tax of £131.9m (2024: £88.3m).\n \nn Administrative expenses, before the impact of performance fees and exceptional items, down 2% to £255.5m (2024: £260.5m).\n \nn Assets under management (AUM) increased by 19% to £54.0bn (31 December 2024: £45.3bn).\n \nn Net inflows of £1.3bn (2024: net outflows of £10.3bn), the first calendar year of positive net inflows since 2017.\n \nn CCLA Investment Management (CCLA) acquisition completed on 2 February, adding £15bn to the Group's AUM.\n \nn Cost saving targets being delivered ahead of schedule and cost synergy targets on the CCLA acquisition reconfirmed.\n \nn Final ordinary dividend of 2.3p per share, bringing total ordinary dividends for the year to 4.4p per share (2024: 5.4p per share).\n \nn Share buyback programme of up to £30m and special dividend amounting to 5.7p per share, together representing a 50% distribution of the Group's 2025 performance fee revenue.\n \n\n\n\n\n \n\n\n \n\n\nYear ended\n31 December 2025\n\n\nYear ended\n31 December 2024\n\n\n% change\n\n\n\n\nAUM (£bn)\n\n\n\n\n\n54.0\n\n\n45.3\n\n\n19%\n\n\n\n\nNet flows (£bn)\n\n\n\n\n\n1.3\n\n\n(10.3)\n\n\n\n\n\n\n\nNet revenue1 (£m)\n\n\n\n\n\n431.0\n\n\n364.1\n\n\n18%\n\n\n\n\nStatutory profit before tax2 (£m)\n\n\n\n\n\n131.9\n\n\n88.3\n\n\n49%\n\n\n\n\nBasic earnings per share (EPS)2 (p)\n\n\n\n\n\n19.2\n\n\n12.5\n\n\n54%\n\n\n\n\nUnderlying profit before tax1 (£m)\n\n\n\n\n\n138.3\n\n\n97.5\n\n\n42%\n\n\n\n\nUnderlying EPS1 (p)\n\n\n\n\n\n19.4\n\n\n13.4\n\n\n45%\n\n\n\n\nTotal dividends per share (p)3\n\n\n\n\n\n10.1\n\n\n5.4\n\n\n87%\n\n\n\n\nCost:income ratio1\n\n\n\n\n\n82%\n\n\n78%\n\n\n\n\n\n\n\n \n1 The Group's use of alternative performance measures (APMs) is explained on pages 30 to 32.\n2 IFRS measures.\n3 Including special dividend.\n \nMatthew Beesley, Chief Executive, commented:\n \n\"Jupiter delivered a strong set of results in 2025. During the year, we generated net positive inflows across both client channels for the...